- LVMH shares at lowest since May
- Burberry shares hit lowest in 8 months
- Stocks valuation premium down 30pp to 74% from August peak
- $120 billion wiped off the sector in two days
- President Xi Jinping plans wealth redistribution
Reporting by Joice Alves, additional reporting Danilo Masoni; Editing by Rachel Armstrong and Emelia Sithole-Matarise
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